Shiba Inu aims to shed its meme status through utility and ecosystem growth.
SHIB's volume reached $48 billion due to growing adoption and real use cases.
The united ShibArmy, with 1.5 million SHIB holders, fuels its vision of market dominance.
The popular dog-themed cryptocurrency Shiba Inu ($SHIB ) is once again loudly and clearly stating its primary mission: market dominance. This ambitious goal is at the forefront as the project works to significantly move beyond its initial identity as a meme coin.
With a stated vision of competing with giants like Bitcoin ($BTC ) and Ethereum ($ETH ), Shiba Inu is doubling down on efforts to create a vast ecosystem and a highly active global community. The announcement follows a wave of optimism in the community and renewed attention to scaling adoption, trading activity, and token utility.
The Shiba Inu team’s statement came in response to a post by community member Etherscan_Shib, who highlighted the growth in the number of SHIB, BONE, and LEASH holders. Recent data on the network confirms that the number of SHIB holders has surpassed 1.5 million.
Meanwhile, BONE and LEASH boast over 95,000 and 30,000 holders, respectively. Despite having several tokens, the Shiba Inu ecosystem maintains a unified community, often referred to as the 'ShibArmy.'
This community strength is also reflected in the project's social media reach. With around 3.93 million followers on X (formerly Twitter), Shiba Inu has one of the most active followings in the crypto space. This robust support base has become a significant factor in the ongoing promotion of the project toward what it calls market leadership.
Beyond community strength, Shiba Inu is actively working to transform from a meme token into a utility-focused project. The rollout of Shibarium, its layer 2 blockchain, decentralized finance platforms, and gaming projects reflects this shift. These innovations aim to strip SHIB of its meme coin label and offer real use cases.
Therefore, only SHIB reached $48 billion in trading volume over a 10-day period at the beginning of this month, according to Shiba Bezos data, indicating a growing market interest. The team remains determined to maintain this momentum and bring trading volumes back to the billions.
Shytoshi Kusama plans to rank SHIB among the top five cryptocurrencies by 2029.
Leading Shiba Inu developer, Shytoshi Kusama, previously set the goal for SHIB to enter the top five cryptocurrencies by 2029. Currently, SHIB ranks 16th and has already proven its potential, once peaking with a valuation of $40 billion. Kusama's strategy is focused on ensuring long-term utility and increasing ecosystem adoption.
With a market capitalization of over $8.3 billion and a price of $0.00001422 at the time of this article's publication, the Shiba Inu breed demonstrates both resilience and ambition.
